MDEXX Sells Magnetronics Division to Sweden’s AQ Group and Focuses on Industrial Fans
Weyhe (Dec 2024)
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AQ Group, a mechanical engineering company, is acquiring the MDEXX Magnetronics division from MDEXX Holding.
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The transaction is expected to close in the first quarter of next year. Mdexx Magnetronix generated sales of €47 million in 2023. Mdexx Magnetronix is a leading provider in the development and manufacturing of specialized inductive components such as chokes, transformers, and filters in the low to medium power and frequency range.
With the sale of Magnetronics, MDEXX Holding will further strengthen and expand its focus on the industrial fan sector.
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In the railway technology sector, MDEXX offers fans for ventilation and air conditioning solutions on rail vehicles, including:
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Traction motor fans
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Oil cooler fans
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Inverter and HBU fans
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Brake resistor fans
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In the field of compressors and compressed air technology, MDEXX offers fans specifically for the following solutions:
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Efficient customer-specific cooler fans
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Air-to-air and air-to-water cooling
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Cooling systems or heat exchanger-fan combinations
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Variant management and spare parts management
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In the field of marine compressors, MDEXX offers fans specifically for the following solutions:
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Fans for shipbuilding based on ISO 12759
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Engine room ventilation
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Hatch fans
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In the field of industrial drive technology, MDEXX offers fans specifically for the following solutions:
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Cooling of large electric drives
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Radial and axial fans, e.g. in crane, conveyor, iron and steel, and rolling mill technology
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Lafayette Mittelstand Capital acquires MDEXX, a leading manufacturer of industrial fans and windings for transformers.
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Weyhe | Luxembourg (Jun 2022)
Lafayette Mittelstand Capital takes over the operations, all employees, and assets of mdexx GmbH. The legal transition will take place on July 1, 2022.
“We are delighted to have found a partner in Lafayette who is investing in our company and wants to develop the business with us,” says Managing Director Bernd Schröder, who will also become Managing Director of the new group of companies. He led the mdexx business operations for several months as part of self-administration together with Dr. Stefan Weniger, Partner in the Turnaround & Restructuring division of Financial Advisory at Deloitte.
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For Managing Director Schröder, the result achieved now is above all a remarkable team achievement: “I would like to thank everyone involved who has worked so constructively for us in recent months. Together we will continue on the path we have taken. We have set the course for the future.” After three years of consolidation and restructuring, mdexx can now make a fresh start.
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With the transaction, the company secures the location and all around 160 jobs in Weyhe. In addition, the sale secures the future of the plant in the Czech Republic and the approximately 300 jobs there. The rescue of all jobs was only possible because all employees agreed to the restructuring collective bargaining agreement. This had previously been negotiated and decided with the responsible employee representatives. All non-unionized employees have also accepted wage cuts.
About mdexx
mdexx GmbH develops and produces transformers, power supplies, chokes, filters as catalog products and in customer-specific designs as well as axial and radial fans for customized ventilation solutions. 50 years of experience, highly qualified employees in development and design, as well as state-of-the-art measuring and testing equipment guarantee the highest quality for all customers. mdexx produces 1 on innovative systems, using sophisticated quality and environmental management systems. All products stand for absolute reliability, for maximum functionality and innovation in compliance with international 2 standards. In the two business segments of fans and windings, the company with around 150 employees generated total sales of around €38.8 million in 2020.
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